2.1 Texas Requirements to Become an Appraiser

how much experience is needed to become a real estate appraiser trainee?

no experience is needed

how many hours of appraisal education is required to become a general certified real estate appraiser?

300 hours

how many hours of appraisal education is required to become an appraiser trainee?

75 hours

one qualified by education, training and experience who is hired to estimate the value of real and personal property based on experience, judgment, facts and use of formal appraisal processes is referred to as an?

appraiser

market value

highest price in terms of money which a property will bring in competitive and open market and under all conditions required for a fair sale example: the buyer and seller acting prudently, knowledgeably and neither affected by undue pressures

the highest price in terms of money which a property will bring in a competitive and open market and under all conditions required for a fair sale is referred to as?

market value

appraiser

one qualified by education, training and experience who is hired to estimate the value of real and personal property based on experience, judgment, facts and use of formal appraisal processes

value

present worth of future benefits arising out of ownership to typical users/investors

the present worth of future benefits arising out of ownership to typical users/investors is known as?

value